Overview

• Carolina sent Thielen, a conditional 2026 seventh-round pick and a 2027 fifth to Minnesota for a 2026 fifth and a 2027 fourth, reuniting the 35-year-old with his first NFL team.
• Head coach Dave Canales said the decision underscores belief in Bryce Young’s leadership and his ability to distribute the ball across the roster.
• Targets are expected to shift to younger options led by first-rounders Tetairoa McMillan and Xavier Legette, with Jalen Coker and David Moore among the depth.
• The deal removes roughly $7 million remaining on Thielen’s contract this season and converts it into future mid-round draft capital, per reporting.
• Carolina remains in contact with free agent Hunter Renfrow about a practice-squad path as he continues his return from injury.